BITCOIN - Price can make impulse up, thereby exiting pennant
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
When price bounced up below support level, which coincide with support area, it rose to $28450 point and started to decline.
Also, BTC entered to falling channel, in which price broke $27000 level and fell below to support line.
But soon price bounced up and made strong upward impulse to $31450 point, thereby breaking two levels and leaving channel.
As well, price entered to pennant, where it continues trading to this day and maybe soon Bitcoin can bounce up to resistance line.
Next, I think, price can break this line, make retest and continue to grow to $31800 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price bounced up below support level, which coincide with support area, it rose to $28450 point and started to decline.
Also, BTC entered to falling channel, in which price broke $27000 level and fell below to support line.
But soon price bounced up and made strong upward impulse to $31450 point, thereby breaking two levels and leaving channel.
As well, price entered to pennant, where it continues trading to this day and maybe soon Bitcoin can bounce up to resistance line.
Next, I think, price can break this line, make retest and continue to grow to $31800 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️